How Facebook Search might evolve the model, generate a boatload of cash, and still be largely useless to consumers and brands.
Inspiration for writing columns comes from many places. Sometimes it's from timely news surrounding companies or new research, and sometimes it's from something completely benign, like a horse head mask for sale on Amazon.
On Black Friday, one of the fine employees in the office posted that horse head mask on Facebook as his pick of the day for best deal online. As is the case with Facebook and inane items, a few people liked his post and a couple more commented - and suddenly it became a Facebook Sponsored Story being shared with his network. (You can tell he's a search expert by the witty pun in the copy.) In this model, Amazon is paying for the push of a horse head mask. I'm going to leave the ROI calculation of that alone for the moment.
Instead, let's think about how Facebook Search might evolve the model, generate a boatload of cash, and still be largely useless to consumers and brands.
Why Facebook Search?
Money. Next question.
Why Would Users Benefit From Facebook Search?
Think about the sheer volume of questions being asked by individuals on a daily basis to their Facebook network, and think about the potential of marrying that hand-raising with more informed responses. For example, you want guidance on the right car or diaper to buy, and your network, via association with brands, surfaces "liked" choices. Or you enter a query into the oft forgotten Facebook toolbar and it would return to you not only people and pages, but ads. There are forms of this already in play with Sponsored Stories, but the explicit association is the next step and could be beneficial to all…maybe.
What Prevents Facebook Search From Working?
There is a mindset around social search that suggests that your friends are highly influential to your decision-making. That's why you ask for their opinions in the first place. If you go to Facebook versus a comparison shopping engine for reviews, you are prioritizing your network over a network of random opinions. This is why Sponsored Stories include the friend that liked the horse head mask over a standard ad.
But, is your network better than a comparison audience? Facebook is built on the social graph of your friends. The wisdom of that crowd is skewed based on how they became "friends" in the Facebook sense. Most Facebook friends are high school, college, and work connections, which means they may not have opinions worth considering on many topics of interest to me. On a one-off basis, sure, but does knowing two of my friends like a car brand constitute an endorsement worthy of action?
Social search starts with that base, a social network. To steal a concept from Google, it's not a circle of enthusiasts around a given topic that I am searching for opinions from. Google works in no small part because it is able to algorithmically decipher what is most relevant based on my query. For Facebook Search to work it needs a much heavier dosage of interest graph or it needs to properly align with a true search engine that makes the basis of the process search, and then layers in seamlessly the social component it does so well today.
Anything else and it's a bit "cart before the horse," with brands and consumers in search of horse head masks and other queries to feel like the horse's rear instead.
Revolutionize your digital marketing campaigns at ClickZ Live San Francisco (August 10-12)!
Educating marketers for over 15 years, our action-packed, educationally-focused agenda offers 9 tracks to cover every aspect of digital marketing. Join over 500 digital marketers and expert speakers from leading brands. Register today!
Chris Copeland is chief executive officer of GroupM Next, the forward-looking media innovation unit of GroupM. Chris is responsible for curating and communicating insight-focused media solutions across established and emerging platforms. Leveraging his multi-year experience with emerging media companies, Chris is tasked with stewarding GroupM Next in partnership with agency leadership from GroupM's four media marketing and marketing service agencies (Maxus, MEC, MediaCom, and Mindshare). The focus is participating with those companies leading changes that most impact consumer media consumption, brand favorability, and purchase behavior.
Guiding the Predictive Insights, Technology, Research, and Communications teams at GroupM Next, Chris is responsible for overseeing the amplification of insights into opportunities that directly benefit the business of GroupM agencies and their clients. GroupM is the world's largest media investment management group and the media holding arm of WPP. Together, GroupM agencies represent almost $30 billion in overall North American billings (RECMA).
Chris helped guide the development of GroupM Next, which was established to deliver the best thinking and new insights from within the GroupM community. The unit also focuses on technology innovation connecting all media channels, but especially, online, social, mobile, and addressable.
Chris was selected to lead GroupM Next after nine years of leading the search marketing practice within GroupM. Among his accomplishments are the development and integration of the global search marketing offering for GroupM agencies, GroupM Search, which managed $1.3 billion in search billings globally and grew to more than 1,000 search marketing strategists serving 40 countries. In 2009, Chris created the research division of GroupM Search and developed research studies that deepened the understanding of consumer behavior across search and social media for leading brands and garnered global traction - most notably: The Influenced: Social Media, Search, and the Interplay of Consideration and Consumption; The Virtuous Circle: The Role of Social Media in the Purchase Pathway;and From Intent to In-Store: Search's Role in the New Retail Shopper Profile.
Chris entered the digital industry in 1996 when he joined search marketing agency WGI (later acquired by Tempus Group). He has been with the WPP and GroupM family of companies since 2000 when, recognizing search as an emerging media channel with incredible potential for brands, WPP acquired Tempus Group and CIA, and ultimately rebranded the search marketing agency as Outrider. As senior partner and managing director of Outrider, Chris delivered on GroupM's vision for the channel, leading the organization to 500 percent growth with global presence over five years, and establishing award-winning search marketing strategies that have become industry-wide best practices. In 2002, Chris successfully implemented the integration of search into the cross-channel media planning process at MEC, creating the first search marketing practice to sit within a media communications and planning company. In 2007, he guided the business expansion of search marketing practices into all GroupM agencies. In 2009, Chris was named CEO of GroupM Search, where he was responsible for driving global search strategy for the organization, while fostering the innovative application of search as an integrated channel. In his role, Chris also provided digital strategy counsel for clients, including AT&T, Dell, Audi, Volkswagen, and more.
Chris is an active member on advisory boards at the 4A's, Google, Yahoo, MSN, and I-COM. He is a frequent speaker in global forums discussing the digital marketplace and how the space is evolving, and serves as a regular resource to national and industry press. Chris contributes editorial commentary regularly to Advertising Age, ClickZ, MediaPost, and MediaBizBloggers.com. In fall 2013, Chris was honored as an inductee into the ClickZ Digital Hall of Fame.
US Consumer Device Preference Report
Traditionally desktops have shown to convert better than mobile devices however, 2015 might be a tipping point for mobile conversions! Download this report to find why mobile users are more important then ever.
E-Commerce Customer Lifecycle
Have you ever wondered what factors influence online spending or why shoppers abandon their cart? This data-rich infogram offers actionable insight into creating a more seamless online shopping experience across the multiple devices consumers are using.